Reference no: EM132804044
Problem 1: If rights and duties of each partner is to partnership, (blank) is to corporation.
a. the term of existence if the corporation has not elected perpetual existence.
b. the required quorum in meetings of stockholders or members and the manner of voting therein
c. the modes by which a stockholder, member, director or trustee may attend meetings and cast their votes
d. in the case of stock corporation, the manner of issuing stock certificates
Problem 2: Under the Revised Corporation Code of the Philippines, which of the following is correct?
a. A majority of the directors must be Philippine residents.
b. 25% of the authorized capital must be subscribed and at least 25% of the total subscription must be paid upon subscription.
c. Minimum paid-in capital five thousand pesos (P5,000).
d. If the corporation did not elect perpetual existence, the maximum 50 years shall be the term of a corporation.
Problem 3: ABC Corporation issued 3,000 shares, P1,000 par value, 8% Preference shares upon receipt of P3,200,000 cash. What is the effect of the issuance of preference shares to shareholders?
a. Increase in preference shares outstanding
b. No effect on preference shares outstanding
c, Decrease in preference shares authorized
d. Increase in preference shares authorized
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Which is an advantage of the corporate form of ownership
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Explain communism and socialism in brief
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Communications principles and tactics
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What the dividend included a liquidating dividend of
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What is the effect of the issuance of preference shares
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Why is franchising less risky
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What led to your current perspective and direction
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Which abc corporation should report dividends in arrears
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What is assessment of the bank evaluated
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